·The Reserve Bank of India (RBI) in its latest bulletin released said there is hope that the decline in investment growth rate could be arrested this fiscal.
·The central bank of India in an article "Corporate Investment: Growth in 2013-14 and Prospects for 2014-15" published in the bulletin said: "As evidenced from various economic indicators, there is a renewed hope that this decline could be arrested in 2014-15."
·According to the article, an estimated capital expenditure of Rs. 2,513 billion (40 billion dollar) would have been incurred during 2013-14 showing a decline of 17.9 percent over the previous year.
·According to the RBI, based on the plans up to 2013-14, the capital expenditure already planned in 2014-15 aggregated Rs.1,242 billion.
·The government has decided to go ahead with the appointments to various statutory bodies like CVC, NHRC and Lokpalwithout the Leader of Opposition in the Lok Sabha as a member of the selection committee choosing them.
·The move comes following a recent reference from the Lok Sabha secretariat in this regard.
·The Department of Personnel and Training (DoPT) had written to the Lok Sabha seeking information on the LoP. The secretariat has informed the DoPT that there is no recognised LoP in the Lok Sabha.
·Lok Sabha Speaker Sumitra Mahajan had rejected Congress' demand for LoP status for its nominee.
Is something wrong with me? I should not be awake at this hour. The rest of the world is fast asleep. But then that’s the point I am trying to prove here – I am not like the rest of the world. For as long as I can remember, the dream had been running ahead of me. This time I have taken the lead. I am one step ahead of the dream and I will keep pressing ahead. Oh I am so done with sleeping. I am done with dreaming. I am done with watching the show with my nose pressed against the glass. I am now swinging the door open and stepping inside the arena. It has begun – the countdown to MY show. I am counting months, weeks, days, hours…and I will make them count soon.
(A page from the diary of the TestCracker of tomorrow)
It’s raining scams! After Securities scam in ’92 (More commonly known as Harshad Mehta scam) and KP scam in ’01, following the cycle of 10 years, this time, an entire exchange was fabricated on treachery of its promoters. The scam is a systematic fraud perpetrated in the commodity market by National Spot Exchange Ltd. The supposedly 5,600 CroreRs fraud came out in the public domain after NSEL failed to pay out its investors in commodity pair contracts after 31 July 2013. Let’s have a summarised look at the seedy insides of the exchange which was once a darling of the markets and the ministry too.